automaker

Nissan’s Japan sales plummet after inspection scandal

Tokyo - Muslimchronicle

Nissan’s passenger car sales plummeted more than 55 percent in Japan last month, data showed Wednesday, after the company suspended all domestic production due to an inspection scandal. In October, sales of Nissan-brand passenger cars stood at 10,134 vehicles, down 55.2 percentage points from a year earlier, Japan Automobile Dealers Association said. The drop comes after Nissan admitted it hadRead more

Japan transport ministry raids two Nissan plants over improper checks

Tokyo - Muslimchronicle

Japan’s transport ministry said on Wednesday it had carried out spot inspections at two plants producing Nissan vehicles as part of a probe into final checks, days after irregularities forced the automaker to recall 1.2 million cars sold in Japan. The two inspections on Tuesday followed inspections at four more factories last week, the ministry said. The initial four foundRead more

Apple is ‘rethinking’ its automotive strategy

San Francisco - Arab Today

Apple may not become an automaker, but it still wants to develop its own self-driving technology. The iPhone-maker's automotive project, long an open secret in Silicon Valley, is shifting to focus on creating the technology for an autonomous vehicle that doesn't require a human driver. The new direction apparently doesn't foreclose the possibility that Apple might someday build its ownRead more

Kia motors Q1 net rises 4.6%

Seoul - QNA

Kia Motors Corp., South Korea's second-largest automaker, said Wednesday that its first-quarter net profit increased 4.6 % from a year earlier, driven by strong demand for its SUVs and newly launched models. Net income came to 944.6 billion won (US$822.7 million) during the January-March period compared with a profit of 903.2 billion won a year earlier, the company saidRead more

Hyundai Motor Q1 net drops 10.8%

Seoul - QNA

Hyundai Motor Co., South Korea's top automaker, said Tuesday that its first-quarter net profit dropped 10.8% from a year earlier, affected by weak demand from emerging markets. In a regulatory filing, the automaker reported a net profit of 1.77 trillion won (US$1.54 billion) for the January-March period, down from a profit of 1.98 trillion won tallied a year earlier.Read more